Commercial Offices Rodney Street Liverpool
Focus Commercial sourced and arranged a long-term commercial mortgage for the purchase of this former Georgian residential property that had been converted for mixed commercial use.
The property is located within the Georgian Quarter on the fringe of Liverpool City Centre. A prestigious location known for luxury period housing, universities, restaurants, and the theatres.
What we did
Focus assisted this well-known, locally established property sales and letting agent purchase this fabulous classical building in the heart of the Georgian Quarter Liverpool.
The existing tenancy rent roll of the building was in disarray with existing wrong tenancies in place which did not match current planning permission.
Focus advised the lettings agent client on what tenancies were required for the 17 rooms, in line with the existing planning permission and what rental income was required to achieve the correct debt service coverage ratio (DSCR), to service the long-term commercial mortgage.
Focus then obtained the successful long term commercial mortgage to purchase the building on a long-term finance stabilisation offering.
Development guidance, expertise and services we provided:
